Job Description

Vendor Management Consultant

• Support the ongoing implementation of the vendor risk management (VRM) program to effectively handle vendor risks in alignment with internal policies and regulatory standards.
• Establish a baseline for vendor risk by identifying potential exposure areas and aligning VRM strategies with the organization's goals and objectives.
• Lead the evaluation of vendor risk through due diligence, develop mitigation plans, and collaborate with internal stakeholders to monitor vendor performance.
• Work alongside Business, Procurement, Legal, and other teams to ensure that VRM requirements are clearly understood and timelines are managed effectively.
• Assist in creating a communication and training plan to promote awareness and effective application of VRM.
• Maintain workflow processes to ensure that data and system controls are sufficient, meet internal standards, and enhance current operations.
• Enhance vendor risk reporting systems and track outcomes from vendor management initiatives.
• Keep a schedule of ongoing and upcoming vendor due diligence reviews based on risk ratings and importance.
• Provide visibility to business partners regarding existing and emerging risks.

Qualifications

• Bachelor’s Degree in business or a related management field, such as supply chain management.
• Minimum of 5+ years of experience in vendor risk management (experience in financial services is preferred).
• Strong understanding of vendor risk management practices, including the lifecycle of risk identification, treatment, mitigation, acceptance, remediation, as well as inherent and residual risks.
• Knowledge of laws, regulations, guidelines, and frameworks within the financial services sector that govern information security and risk management requirements.
• Experience with risks associated with IT application development and infrastructure maintenance, IT security, business continuity and disaster recovery, and emerging technologies such as mobile platforms and cloud services.
• Familiarity with ERP and CRM systems (Oracle, ServiceNow) and data visualization tools (Tableau).
• Exceptional project management skills with the ability to oversee projects from inception to completion, including issue resolution.
• Excellent verbal and written communication skills, complemented by sound business judgment.
• Capable of prioritizing tasks and performing with urgency in a fast-paced, high-pressure, and dynamic environment.
• Proven ability to balance efficiency and scalability with client satisfaction and a high-touch service delivery approach.
• Experience in influencing mid to senior-level executives and in building and maintaining effective working relationships across various partners.

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